Does the SAND coin at $0.11 still have value to hold?

Metaverse Market Downturn

The Sand Coin currently faces significant challenges, with its price having dropped by -81.15% in the past year from an impressive level two years ago. This figure reflects investor regret and a lack of confidence in The Sandbox project.

Currently, SAND is trading at $0.11 per coin, with a total market capitalization of $292.43 million, and a 24-hour trading volume of only $76.86K. Technical signals indicate ongoing downward pressure, while general investors remain interested in the metaverse, but it is no longer as hot as during 2021-2022.

What is The Sandbox? A Glorious Past and a Distant Present

The Sandbox started as a creative mobile game in 2012. By 2018, it was transformed into blockchain-based gaming on the Ethereum network, opening the metaverse to allow players to truly own digital land, items, and characters.

This platform created a Play-to-Earn ecosystem where players do not rely on intermediaries, can buy and sell assets themselves, and freely showcase their artwork to others.

Behind this success are over 200 partners, including Adidas, The Smurfs, and Care Bears, demonstrating the potential of this concept in its early days.

The Team Behind The Sandbox

Arthur Madrid, the project CEO, founded The Sandbox based on extensive experience in the gaming industry. He has been part of Animoca Brands and founded 1-Click Media in 2001.

Sebastien Borget, as COO, has over 10 years of experience in mobile gaming and NFT gaming. He also serves as Chairman of the Blockchain Game Alliance, aiming to bring blockchain technology into the gaming industry.

What is Sand Coin?

Sand Coin (SAND) was created according to the ERC-20 standard on the Ethereum network, with a maximum supply of 3 billion coins. It functions as a Utility Token, serving as a medium for exchanging digital assets within The Sandbox.

Additionally, SAND is a Governance Token, giving holders the right to propose and vote on policies via the DAO (Decentralized Autonomous Organization), thus allowing the community to influence the platform’s future.

Functions and Uses of SAND within The Sandbox

1. VoxEdit - An easy-to-use item creation tool. Users can create characters, clothing, weapons, or pets and sell them on the Marketplace as NFTs.

2. Game Maker - Create 3D games without coding. Users can incorporate items from VoxEdit.

3. Medium of Exchange - Use SAND to purchase digital land (Land), items, and other assets.

4. Staking - SAND holders can stake to earn rewards, with 5% of coins allocated as incentives.

5. Asset Fund - SAND is used to support developers and creators on the platform.

Unique Selling Points of The Sandbox

The old strengths of Sandbox include four main points:

1. Play-to-Earn Model - Players can generate income by playing, trading digital land, and assets.

2. No-Code Creation Tools - Users do not need coding skills to create games and items themselves.

3. Complete Marketplace - A decentralized system without intermediaries, allowing free trading of NFTs.

4. Strong Blockchain Community - Partnerships with leading brands and blockchain integration build trust.

The success in 2021 caused SAND’s price to surge 10,000% that year.

Risks and Challenges

Despite its strengths, The Sandbox still faces several obstacles:

1. The Metaverse Industry is Still in Its Early Stages - Technology is new, hard to access, and not yet widely adopted.

2. Risk Data - Outsourcing of the platform may create security vulnerabilities.

3. Declining User Base - The bearish crypto market has led to a noticeable decrease in users.

4. Price Volatility - Over the past 52 weeks, between $0.1091 and $1.0619, indicating high instability.

Price Forecast for SAND in 2025-2026

Technical indicators show strong sell signals, with the current price of $0.11 far below the highs of 2-3 years ago.

2025 Outlook: Continued downward pressure, with occasional recoveries, but no clear signs of trend reversal.

Recovery Opportunities: If the overall crypto market improves in 2026 and interest in the Metaverse returns, SAND could test the $0.40-$0.50 range, but this is the best-case scenario.

Is SAND a Good Investment in 2025?

Pros:

• The Sandbox has solid fundamentals and was the first project to open the door to the Metaverse in the industry.
• Its ERC-20 token on Ethereum offers stable utility for trading, governance, and staking.
• Long-standing partnerships and project longevity.
• The Metaverse still holds long-term value, especially if Web3 Gaming grows rapidly.

Cons and Risks:

• Technical indicators show heavy sell signals, with an -81.15% decline this year.
• High volatility and uncertain recovery path.
• Market confidence and Metaverse adoption remain weak.

For Different Types of Investors:

• Risk-tolerant investors: May consider SAND as a long-term speculative option; the low current price could present opportunities.
• Conservative investors: Should avoid due to high volatility and uncertain recovery prospects.

Balanced Advice: Monitor market changes and consider Dollar-Cost Averaging (DCA) instead of large purchases.

Summary

The Sandbox is a rapidly successful platform but is now clearly in a downturn, reflected in price, user numbers, and confidence. Developing the Metaverse still requires time.

Sand Coin offers long-term value for those who believe in the potential of the Metaverse and Web3 Gaming, but short-term uncertainty suggests that investing in 2025 requires careful judgment and planning, as the recovery path remains unclear.